Funding you earn now, next payment 05:00 UTC−0.0074%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.164%
Price spread now: Bluefin against RISEx+0.008%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 4 days (all we have)−0.426%−$43 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.008%, 7d avg −0.036%
=The price spread pays, funding is against you. Bluefin is 0.044% dearer against RISEx than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 4 days (−0.426% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,516.1 | 0.0174 | pay 0.0022% / 1h | 6m 18s | $8.7M | $42.9M | 25x |
| Short | Bluefin BTC-PERP | 85,522.6 | 0.0100 | get 0.0013% / 1h | 6m 18s | $207K | $737K | 40x |
RISEx BTC/USDC
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against RISEx. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.64
- Price spread: +0.008% → −0.036%
- $4.37
- Slippage, 4 orders
- −$8.98
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$33.25
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 3 min ago; Bluefin: live order book, 48 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy RISEx live order book, 3 min ago | 0.01 bp | 3.6 bp −$4 | 3.7 bp −$37 | 10.4 bp −$1,039 | doesn't fit |
| Sell Bluefin live order book, 48 min ago | 1.83 bp | 8.7 bp −$9 | 15.4 bp −$154 | doesn't fit | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,444 | −0.084% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,476 | −0.047% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0046% | 8h | 85,465.1 | −0.060% | $919.7M | $758.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,445.5 | −0.083% | $419.8M | $675.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 85,466.2 | −0.058% | $514.5M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,501.1 | −0.018% | $364K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,459.9 | −0.066% | $502K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,480.7 | −0.041% | $24.4M | $223.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,493.8 | −0.026% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0026% | 1h | 85,495.7 | −0.024% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.042% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0048% | 1h | 85,482 | −0.040% | $59.9M | $335.9M | 40x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,461.1 | −0.064% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0063% | 8h | 85,445.4 | −0.083% | $148.6M | $497.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,479.6 | −0.043% | $2.95B | $5.12B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0085% | 1h | 85,525.9 | +0.011% | $872.4M | $1.60B | 50x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,470.8 | −0.053% | $3.0M | $4.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,478.6 | −0.044% | $5.07B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,478.6 | −0.044% | $9.45B | $24.49B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,494.5 | −0.025% | $171.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,493.3 | −0.027% | $23.9M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,480 | −0.042% | $8.4M | $55.1M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,464 | −0.061% | $227K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,530.7 | +0.017% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,559 | +0.050% | $3.79B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,517.3 | +0.001% | $40.4M | $590.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,472.3 | −0.051% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,485.4 | −0.036% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,452 | −0.075% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,481.6 | −0.040% | $4.7M | $99.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | −0.071% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,482.4 | −0.039% | $5.53B | $10.86B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,451.6 | −0.075% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,415.2 | −0.118% | $154.4M | $565.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,434.2 | −0.096% | $279.1M | $931.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,433.9 | −0.096% | $214.5M | $169.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,466.3 | −0.058% | $139.7M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,437.6 | −0.092% | $30.2M | $206.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,537 | +0.024% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,482 | −0.040% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,474 | −0.049% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,471.9 | −0.052% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 85,522.6 | +0.008% | $207K | $737K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,462.7 | −0.062% | $30.0M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,456.8 | −0.069% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,443.3 | −0.085% | $2.26B | $949.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,454.8 | −0.072% | $45.7M | $234.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,505.6 | −0.012% | — | $106.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,486.5 | −0.035% | $117.7M | $5.27B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0105% | 1h | 85,467.2 | −0.057% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,503.3 | −0.015% | $188.0M | $957.1M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0154% | 8h | 85,487 | −0.034% | $11.4M | $752.6M | 6.4x | as long as short |
| RISEx BTC/USDClong | +0.0174% | 1h | 85,516.1 | long leg | $8.7M | $42.9M | 25x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,492.7 | −0.027% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,492.3 | −0.028% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0247% | 1h | 85,490.4 | −0.030% | $78K | $223K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Deribit BTC-PERPETUAL
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD